A quick and practical guide to Nano

The
aim of this guide is to get you started with Nano within a few minutes so
that you can get a first impression of this amazing piece of technology.

What is Nano?

Nano
is a digital currency that is incredibly fast and feeless.
Nano is also decentralised in the sense that there is
no bank or alike overseeing it. I could write a whole lot more about Nano, but the best way to appreciate it is to try it out. So ...

Get a wallet

To get started, you first need a wallet.
Think of it as a bank account, but without the bank. If you are on a
phone, I recommend the Natrium Wallet:

The apps will guide you through their setting-up processes. You will get
a wallet address, which looks something like nano_1xndsbrjb94hx3...y7j.
This is somewhat like your bank account number. You will also get a
seed. This is your backup key, in case you e.g. lose your phone.
Print out your seed and put it somewhere safe. Do not keep it in a
file on your computer.

In
the case of Nanowallet.io, you also get a wallet ID, which you use to
log in.

There
are also other great wallets, for details see the resources below.

Get your first Nano

Now you want some Nano. There are faucets
that distribute small amounts of Nano. Head over to

Tell your friends

To truly grasp how amazing all this is, help a friend set
up a wallet and send some Nano back and forth. Your friend can be anywhere in the world,
and you can send any amount of Nano - it will take just a few seconds. How cool is that?!

Get more
Nano

You might want to have more than 0.01 Nano.
One of the quickest ways to get more is to make an account on Binance [link],
which
is a crypto-currency exchange. On Binance, you can buy
Bitcoin with your credit card, buy Nano with those Bitcoin, and then
send the Nano to your wallet. If you need help with the details, the
Nano community is happy to help, e.g. on Reddit [link].

There are somewhat cheaper ways than Binance, but those are beyond the
scope of this guide.

Where to spend your Nano

There are lots of ways to spend your Nano.
Here is a site that provides a worldwide list of merchants that accept Nano:
[link]. And here is another list: [link]. Most notably, you can pay your Wirex credit cards bills
in Nano [link], basically allowing you to indirectly buy anything with Nano.

Best practice

There are a few things that you can do to help the Nano ecosystem and it is good to have heard of them early on. However, I can only give pointers and you will need to do your own research to learn more.

First, a small number of exchanges, including Binance, are gaining a lot of power. Help prevent a further concentration of power by using smaller exchanges that work equally good for your region.

Second, don't leave your Nano on an exchange - withdraw them to your wallet instead. Your Nano are safer in your wallet. Also, this helps decentralise the network. The following is a good starting point: [link].

Third, if you are getting serious about Nano, then you might want to read up on hardware wallets, which is the safest way to store your funds. The best guide on this topic is currently down. Search for "Nano ledger" to find out more.

Further resources

You now have a basic setup for and a first
impression of Nano.

If you want to learn more about the technology, the official website is
a great starting point: [link].

Also, the Nano subreddit has lots and lots of further resources in the
sidebar, including links to some other great wallets and faucets, etc.:
[link].
There, you can also find more info on how to buy Nano cheap.

If
you need help with anything, the Nano subreddit is a great place to
start. There's also a discord channel. The link to it can be found in
the sidebar of the subreddit.

*This
website does not have any commercial interests. Recommendations are
solely based on personal preferences. None of the links
are "sponsored".

This
website does not give any investment advice. The safety and security
of any service or product linked cannot be guaranteed.